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    Schneider Electric and Fuji Electric FA Components & Systems Enter Into a Partnership To Manufacture Low Voltage Circuit Breakers

    Rueil Malmaison, France, July 2nd, 2004 - Schneider Electric and Fuji Electric FA Components & Systems Co., Ltd. announced today that they have formed a partnership for the manufacturing of commonly designed low voltage circuit breakers (MCCB) in a newly inaugurated industrial facility located in the city of Dalian, China. This new entity, named Schneider Fuji Breakers Dalian, was established with a capital of $6 million. It is owned 60% by Schneider Electric and 40% by Fuji Electric FA Components & Systems and will employ 160 people.

    Leveraging partnership to accelerate the launch of more compact products, with increased performance and lower cost

    Low voltage circuit breakers are one of the major components in the field of electrical distribution. Schneider Electric offers a broad, consistent range of low voltage circuit breakers worldwide, with products meeting standard requirements around the world, notably IEC European standards and NEMA North American standards, while Fuji Electric FA Components & Systems has been developing electrical distribution devices since many years with a long experience especially in the Japanese market.

    By combining their know-how and volumes, the two partners have developed a high-quality product with superior price competitiveness. The first product manufactured will be a 250A frame MCCB, and further widening of the range is planned. The joint-venture is expected to reach a manufacturing capacity of more than 600,000 units per year within a few years.

    Both companies will sell products manufactured by the joint-venture under their own brands and through their own sales networks. Launches will start in China in July 2004, to be gradually extended to other Asian countries.

    About Fuji Electric Group

    Fuji Electric Group is a technology-oriented conglomerate providing electric devices, components, systems, service and solutions with 2003 sales of ¥856 billion. Headquartered in Tokyo, Japan, the Group employs approx. 25,000 people, serving customers worldwide.

    Fuji Electric FA Components & Systems Co., Ltd. (http://www.fujielectric.co.jp/fcs/) is a leading provider of industrial products including control & power distribution equipment, drive control and power supplies, which has approx. 5,100 employees worldwide, generated sales of ¥168 billion in 2003.

    About Schneider Electric

    Schneider Electric is the world's Power & Control specialist. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric anticipates and satisfies its customers' requirements in the residential, buildings, industry, energy and infrastructure markets. Schneider Electric has 82,000 employees worldwide, operations in 130 countries and recorded sales of €8.8 billion in 2003 through 13,000 sales outlets.

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